Sun Group has officially broken ground on a massive 5-star "hotel city" in Phu Quoc to prepare for the APEC 2027 Summit. The developer intends to finish the project in just 18 months, adding 12,000 rooms and serviced apartments to the island. This development includes 15 beachfront hotels and a major shopping centre managed by Lotte. International brands such as Marriott, Hilton and Accor are all signed on to manage the new luxury sites.
Al Saedan Real Estate has entered a major strategic partnership with Serpentine Lake Capital and SGI Real Estate to launch SL Property, an investment platform valued at SAR 1.5 billion. The initiative aims to develop a range of projects across Saudi Arabia, including residential communities, commercial hubs and digital infrastructure. By combining local development heritage with international asset management, the partners seek to deliver high-quality assets that support the Kingdom's economic diversification goals under Vision 2030.
Hyatt Hotels Corporation has marked its latest expansion in Portugal with the opening of the Hyatt Regency Vilamoura Algarve. Following a full rebranding of the Dom Pedro Vilamoura, the hotel now offers 257 guestrooms and 21 suites designed with local Algarvian heritage in mind. Managed by DETAILS, the resort provides an upscale retreat for leisure and business guests near the town's famous marina and golden beaches.
Thompson Hotels and BERO have launched a nationwide partnership to bring premium non-alcoholic beer to hotel bar programs across the United States. Founded by actor Tom Holland, BERO will serve as the exclusive alcohol-free beer for Thompson properties throughout a year-long collaboration. The initiative kicked off in January 2026 with a focus on mindful drinking and elevated social experiences.
Hilton and Extell Development Company have officially signed an agreement to debut the Waldorf Astoria Deer Valley Resort and Residences in 2028. Located in the newly developed East Village in Park City, Utah, the project offers premier ski-in, ski-out access next to the resort's longest ski run. The development features 132 hotel rooms and 105 luxury branded residences designed by Kohn Pedersen Fox and AvroKO. Amenities will include a 15,000 square foot spa, a cantilevered pool and the iconic Peacock Alley lounge.
Hyatt Hotels Corporation has launched its Unscripted by Hyatt brand on a global scale through a landmark agreement with Indochina Kajima. Six existing Wink hotels across Vietnam have joined the new portfolio, more than doubling Hyatt's footprint in the country from four to ten properties. These locations include major cities and emerging hubs such as Saigon, Danang, and Can Tho.
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